[Oztrich Boy]

15 oz of gold buys a new car for a family. That has been a rough valuation since 1976. Not so when the government held the value of gold at $35/oz. Once it floated to $120/oz, it roughly tracked a new car at 15 oz.

In the 1920s a Model T cost $260 (7½ oz).

A top of the line Bugatti about 800. (the same as today)

[Myrddin]

The key observation is that the value for value exchange has held steady in spite of fiat currency variation.